First of all, they announced the partnership with IBM World Wire, a real-time global payments network that optimizes cross-border payments, forex, and remittances.
As Coindesk reports:
“Announced Monday, six international banks have signed letters of intent to issue stablecoins, or tokens backed by fiat currency, on World Wire, an IBM payment network that uses the Stellar public blockchain. The network promises to let regulated institutions move value across borders – remittances or foreign exchange – more quickly and cheaply than the legacy correspondent banking system. So far three of the banks have been identified – Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea – the rest, which are soon to be named, will offer digital versions of euros and Indonesian rupiah, “pending regulatory approvals and other reviews,” IBM said. ” So this means the team of Stellar is extremely active and they progress massively.
Dreams of sending money like an email are becoming more and more realistic.
Here are details of the technical analysis:
• Ichimoku Cloud – the price is above the Cloud and Tenkansen(red) which is also over KijunSen (blue) – bullish
• Weis Waves – lots of demand and almost no supply – good
• Cup with handle observed - Let the price stay above 0.00002930 for a while. If we stay there with a couple of bars it means BUY.